1251 Warwick Ave Warwick, RI 02888

Property Details for 1251 Warwick Ave

Year built

1940

Construction

FRAME

Lot size

0.82 lot acres

Property size

4,116 SF

Zone code

GB

Property type

Commercial real estate

APN

WARW M:308 B:0568 L:0000

APU

WARWM308B0568L0000

Description

This exceptional commercial property at 1251 Warwick Avenue in Warwick, RI, presents a unique investment opportunity. The 9,064 square foot building sits on a 0.82-acre lot and is currently home to a well-loved, long-established restaurant. The property boasts over 40 parking spaces, ensuring ample customer convenience. The sale includes all buildings, the existing business, equipment, point-of-sale system, and furniture, providing a turnkey operation for the new owner. The restaurant enjoys a steady cash flow and a loyal customer base. Beyond the existing restaurant space, there's significant potential for expansion. Unused space could easily be converted into a private banquet or function room, catering to larger events and increasing revenue streams. Additionally, a loft area offers the possibility of developing a residential unit, adding another dimension to the property's income potential. Existing connections and a partial bath are already in place, simplifying the conversion process. The current equipment is in excellent condition, reflecting the high standards of cleanliness and organization maintained by the current owners. The experienced and dedicated staff express a strong desire to remain with the business, providing continuity and expertise for a smooth transition. This is a chance to acquire an iconic landmark and inject your own vision into a thriving enterprise. The asking price is $3,500,000.

Location Insight

City

Warwick

County

Kent

State

Rhode Island

Longitude

-71.4082

Latitude

41.7423

CBSA code

39300

CBSA name

PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments